Greek household wealth Surges beyond €1 trillion

The growth over the past three years reflects gains in both financial and non-financial assets. While real estate and other non-financial holdings continue to dominate, the composition of wealth has shifted slightly in favor of financial assets.

In early 2018, as the Greek economy began to recover, households’ total gross wealth stood at around 0.8 trillion euros, with non-financial assets—mainly property and business capital—accounting for 73%, and financial assets 27%. By 2025, total wealth had risen by more than 200 billion euros, driven by asset appreciation and, to some extent, new wealth creation, with financial assets increasing their share to 33% of the total.

All asset categories appreciated, but financial assets grew faster than non-financial ones, reflecting improved credit ratings and the restoration of Greece’s investment-grade status. Business financial assets saw the largest rise in share, followed by mutual funds, bonds, and listed equities, while deposits and life insurance products remained relatively stable.
For 90% of Greek households, wealth remains heavily concentrated in real estate—a reflection of the country’s high homeownership rate—supplemented by deposits and business financial holdings.

Among the top 10% of households, asset portfolios are more diversified, with the ratio of non-financial to financial wealth narrowing to 55% versus 45%, and financial instruments like bonds, equities, mutual funds, and life insurance representing a notable 13% of total wealth.

Across the eurozone, real estate also dominates household wealth. For 90% of households, property constitutes slightly less than in Greece (69% vs. 72%), while for the wealthiest 10%, the share is comparable (46%). Unlike Greece, the role of business financial assets is generally limited outside the top decile.

The surge in household wealth underscores not only the resilience of Greek households but also the gradual transformation of the country’s asset landscape, balancing traditional property holdings with a growing exposure to financial markets.